'Punitive' 10-Year Rule

Vadum, Matthew
September 2000
Bond Buyer;09/07/2000, Vol. 333 Issue 30970, p1
Trade Publication
Reports that the National Council of State Housing Agencies has argued that the so-called 10-year rule will cause housing authorities across the United States to forfeit a large amount in issuance of mortgage revenue bonds. Estimated amount in mortgage-backed securities to be forfeited with the introduction of the 10-year rule; Projected cumulative loss of debt capacity from 1998 to 2002.


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